Delayed Tax Reform May Be Slowing Economic Growth

Law360, New York (August 11, 2017, 9:55 PM EDT) -- The slow pace of action on tax reform promised by the White House and the Republican-controlled Congress is creating a volatile and uncertain atmosphere for businesses, which are becoming increasingly cautious about making long-term investments.

Pfizer Inc. executives already announced in a quarterly earnings call with shareholders at the start of this month that they are holding off on making certain corporate deals until they have clarity on how tax reform will affect asset values.